The stock had surged over 15 per cent (Rs 39) in the last 11 trading sessions.
The stock so far in the day has touched a low of Rs 267 and a high of Rs 290. The script had touched a 52-week high of 474 on December 20, 2012 and a 52-week low of Rs 182 on August 02, 2013.
The stock is now down 6 per cent at Rs 267, and the counter has seen trades of around 3,51,000 shares on the BSE.
Technically Speaking: JSPL is trading on a strong note, as the stock broke above the 200-DMA in last four trading sessions. The stock is also trading fairly above the 20-DMA and 50-DMA.
The MACD and the Average Directional Index (ADX) are both in favour of the bulls.
However, the RSI (Relative Strength Index) and Stochastic Slow are in over-bought zones. Hence, the stock is witnessing profit-taking.